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Question: To study a macroeconomy we calculate aggregate quantities in real terms because?
1) it is then easier to take logarithms
2)it is the only way to reconcile the three approaches to measuring GDP
3) we want to get rid of the illusion of price effects
4) we want to concentrate on the production of real goods, as opposed to services
Assume that firm #1 is the Leader. For this firm, calculate von Stackelberg profit maximizing level of output. Calculate the market price in von Stackelberg equilibrium and compare it to the Cournot-Nash equilibrium price.
Explain how the below game should be set-up, played and solved a consumer decide.
A summary of the operations of XYZ Corporation for the year ended, Calculate the net income for the year by preparing an income statement.
What is the difference between fiscal retrenchment and fiscal consolidations, especially in their actions and effect? Or if the two policies are different, what actions would be taken respectively?
An individual has to choose between investment A and investment B. The individual estimates that income and probability of the income from each investment are given in the following table (a) Using Excel's statistical tools, calculate the standard..
What is equilibrium Y What are equilibrium consumption, private saving, public saving, and national saving How much does equilibrium income decrease when G is reduced to 200 What is the multiplier for government spending
A trendy French restaurant is one of the first businesses to open in a small corner of a commercial building still under construction. The restaurant has received rave reviews and has lines of diners waiting for tables most nights.
Again when the income rises by 5 percent, the units consumed of the commodity increase from 100 to 110. What is the income elasticity of demand for the good?
In economic theory, a moral hazard is a situation where a party will have a tendency to take risks because the costs that could result will not be felt by the party taking the risk.
Suppose the price of food increases from Px1to Px2. On a clearly labelled graph, illustrate the income and substitution effects of the price change on the consumption of food.
Assuming there are 100 firms using technology A and 400 using B, determine the short-run market supply curve
The problem ir related to economics and it is explain The similarities in the recent meltdown of economies in both the US and Japan suggest a similar fat to the US, which has already been seen by the Japanese.
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